UBS has initiated coverage on Ascendis Pharma with a Buy rating and a price target of $196, citing the company's strong position in the biotechnology sector and upcoming product launches. Analysts project that by 2035, revenues could reach €3.8 billion, driven by treatments for hypoparathyroidism, achondroplasia, and growth hormone disorders. They believe the market undervalues the potential of TransCon CNP and anticipate that the hypoparathyroidism treatment launch in 2025 may exceed expectations.